RIL Q4 FY18 Consolidated Estimates
By SP Tulsian
Reliance Industries Ltd. (RIL) will declare its Q4 FY18 results (quarter ended 31st March, 2018), on Friday, 27th April, 2018. Our estimates, on Consolidated basis are as under:
(Rs./Crore)
| Particulars | Q4 ending 31-03-18 | Q3 ending 31-12-17 |
| Segment Revenue |
|
|
| 36,090 | 33,726 |
| 77,380 | 75,865 |
| 1,790 | 1,631 |
| 20,870 | 18,798 |
| 9,600 | 8,136 |
| 3,090 | 3,026 |
| Gross Turnover | 1,48,820 | 1,41,182 |
| Less: Inter Segment | 32,920 | 31,277 |
|
| 1,15,900 | 1,09,905 |
| Less: GST Recovered | 7,580 | 7,405 |
| Net Turnover | 1,08,320 | 1,02,500 |
|
|
|
|
| EBIT Margins |
|
|
| 1. Petrochem (18%) | 6,490 | 5,753 |
| 2. Refinery (8.20%) | 6,340 | 6,165 |
| 3. Oil & Gas | (-) 60 | (-) 291 |
| 4. Organised Retail | 455 | 487 |
| 5. Digital Services | 1,030 | 1,440 |
| 6. Others | 170 | 235 |
| PBIT | 14,425 | 13,789 |
| Less: Interest Expenses | (-) 2,780 | (-) 2,095 |
| Add: Interest Income | 570 | 779 |
| Add: Other Unallocated Income | 590 | 747 |
| PBT | 12,805 | 13,220 |
| Less: Provision for Tax @ 20% | (-) 2,560 | (-) 2,634 |
| Less: Deferred Tax | (-) 990 | (-) 1,141 |
| Profit After Tax | 9,255 | 9,445 |
| EPS | 15.65 | 15.95 |
Notes:
- GRM for Q4 is seen at $ 11.50 per barrel, against $11.60 per barrel of Q3 FY18, after adjusting for net inventory gain of $0.20, as Crude has risen by about 9% on an average, to $67/ Barrel.
- Singapore benchmark is seen at $7.2 for Q4, which was at $7.2 in Q3FY18.
- EPS is calculated on the equity base of Rs. 5,920 crores, on net off basis, post 1:1 Bonus, in Consolidated Results.
- Crude Refined volume is estimated at 17.6 MMT and Petchem volume at 8.3 MMT.